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穆迪撤銷萬科「Baa3」發行人評級 所有評級列入下調觀察名單
阿思達克 03-12 08:17
評級機構穆迪撤銷萬科(02202.HK)「Baa3」發行人評級,授予「Ba1」公司家族評級,高級無抵押債務評級從「Ba1」下調至「Ba2」,同時將萬科所有評級,列入下調觀察名單。 資料顯示,「Baa3」為投資級別的最低評級,「Ba1」為非投資等級,俗稱垃圾級別。穆迪指,下調評級反映該行預期萬科的信貸指標、財務靈活性和流動性緩衝,將於未來12至18個月內轉弱,主要因為合約銷售下跌,以及在內地樓市下行的環境下,融資不確定性上升。在高度融資需求下,萬科將會繼續面對融資波動風險,因此並不支持投資級別的評級。 穆迪指,下調評估反映該行關注萬科恢復銷售、改善融資渠道、以及維持足夠流動性緩衝的能力,並預期內地房地產行業的經營波動及融資狀況,將會繼續拖累萬科的合約銷售及流動性。
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